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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Polar Star Mining (Tier2) | TSXV:POS | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0 | - |
On November 14, 2008, as part of their on-going sampling and testing of operations on the Chepica No. 2 Vein, the current owner/operators of the Chepica Project shipped 22 tonnes of test material from their onsite flotation mill to the Empresa Nacional de Mineria, Chile ("ENAMI") smelter at Valpariso. Their planned production rate of 200 tonnes per day is expected to be reached by the second quarter of 2008.
Polar Star's initial 5,000 metre drill program at the Chepica Project is scheduled to be completed on or about November 30, 2008.
There is no current NI 43-101 compliant resource report on the Chepica Project however SRK International will be incorporating these results in a National Instrument 43-101 compliant report which is expected to be delivered in the first quarter of 2009.
Qualified Person
Mr. Terence Walker, M.Sc., P.Geo., is the qualified person within the meaning of National Instrument 43-101. Mr. Walker has reviewed the contents of this news release.
About Polar Star
Polar Star was created to acquire advanced stage exploration properties focusing on gold, copper-gold, and uranium. The Corporation's material assets include 20 projects in Chile, which are 100% owned and cover approximately 146,112 hectares. Polar Star announced the closing of a $5 million private placement on July 8, 2008 during which HudBay Minerals Inc. acquired 3,860,605 Units (approximately 9.8% of the now outstanding shares of the Company).
Forward-Looking Statements
The statements made in this news release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's expectations and projections. Accordingly, readers should not place undue reliance on forward-looking statements. For a more detailed discussion of such risks and other factors, refer to Polar Star Mining Corporation's filings with Canadian securities regulators available on www.sedar.com or the Company's website at www.polarstarmining.com.
Share Capitalization:
Shares Outstanding: 39,241,098 as at November 18, 2008.
Business Television Feature:
Polar Star was selected and featured on Business Television in early March 2008. If you missed the show, please click on the link below to watch the full-feature
http://www.b-tv.com/i/videos/PolarStar.wmv
The Toronto Stock Exchange Venture has not reviewed and does not accept responsibility for the adequacy or accuracy of this release and the information contained herein.
Contacts: Polar Star Mining Corporation Douglas Willock President and CEO (416) 368-3496 Email: info@polarstarmining.com Website: www.polarstarmining.com
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